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geopolitical

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI Breaks $107 as Devon-Coterra Vote Opens: The Week That Resets US Upstream

WTI opens at $107.42 as Devon Energy and Coterra Energy shareholders vote on their all-stock merger. The frac sector discount to crude is running out of fundamental justification.

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

Devon-Coterra Votes Sunday While WTI Holds $100: The Week's Last Open Question

The Sunday Test WTI closed out the first full week of May above $100 for the first time in the modern shale era, and Devon Energy shareholders walk into Sunday's special meeting with that number in the back of their minds. The vote on the Devon-Coterra merger

The $100 Week: What WTI's Ceiling Break, the UAE's OPEC Exit, and Q1 Earnings Tell Us About the Next Cycle

The $100 Week: What WTI's Ceiling Break, the UAE's OPEC Exit, and Q1 Earnings Tell Us About the Next Cycle

XOM and CVX Q1 2026: Record Guyana, Golden Pass LNG, and the $99 WTI Question

XOM and CVX Q1 2026: Record Guyana, Golden Pass LNG, and the $99 WTI Question

May Begins With WTI at $100: UAE Exits OPEC, Supermajors Report, Production Services Pivots

May Begins With WTI at $100: UAE Exits OPEC, Supermajors Report, Production Services Pivots

April closed with WTI at $99.89 and Brent above $113 — the first month since mid-2022 where crude held above $95 for the entire four weeks. That consistency is the story. Not a single spike, not a one-day event. A floor built on OPEC structural change, Hormuz premium,

The $100 Question: COP's Qatar Signal and What April's Close Means for May

The $100 Question: COP's Qatar Signal and What April's Close Means for May

WTI ended April at $99.89/bbl — less than $0.12 from a psychological level that would have seemed remote six months ago. ConocoPhillips reported Q1 results this morning that carry the first clear structural imprint of the Middle East conflict on a major US upstream operator’s production guidance.

Antero's Record Quarter, TETRA's Ten-Year High, and the XOM/CVX Earnings Morning

Antero's Record Quarter, TETRA's Ten-Year High, and the XOM/CVX Earnings Morning

Antero Resources posted record quarterly production Wednesday, and its CEO used the earnings release to explain exactly why Hormuz matters to Appalachian gas producers. The market has been slow to price the connection. That's the story for Thursday, April 30. WTI: $99.89/bbl | Brent: $113.89/bbl